John McIlroy joins Crystal Wealth Partners
Former Multiport founder and chief executive John McIlroy has joined Crystal Wealth Partners as a director and shareholder.
McIlroy parted company with Multiport on 16 April 2012, with former iPac head of financial planning Libby Roy stepping into his position.
Multiport, a self-managed superannuation fund (SMSF) and managed account business, was purchased by AXA in 2009.
Crystal Wealth Partners executive director Tim Wedd said McIlroy's experience with high-net-wealth (HNW) clients across a range of investment structures would be "a great asset for the business".
"We believe that advisers will be looking for more engaging client propositions post-FOFA and we have designed our managed accounts framework specifically to include discretionary and nondiscretionary direct investment services that can accommodate varied client and adviser needs," said Wedd.
"Crystal Wealth Partners is not institutionally owned or affiliated and our view is that more professional advisers will be looking for these types of client solutions in the future," he added.
McIlroy said he was looking forward to building the growth of Crystal Wealth Partners through acquisitions of HNW client books and recruiting like-minded advisers and accountants.
"The trend towards direct investing and 'self-directed' retirement planning through SMSFs means that traditional adviser solutions need to change. Crystal Wealth Partners has designed its client solutions to be at the forefront of these changes."
Recommended for you
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
